The World Bank Report No: ISR16133 Implementation Status & Results Costa Rica Costa Rica Catastrophe Deferred Draw Down Option (CAT DDO) (P111926) Public Disclosure Copy Project Name: Costa Rica Catastrophe Deferred Draw Down Option (CAT Program Stage: Implementation Seq.No: 11 Status: ARCHIVED Archive Date: 27-Sep-2014 DDO) (P111926) Country: Costa Rica Approval FY: 2009 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Development Policy Lending Implementing Agency(ies): Key Dates Board Approval Date 16-Sep-2008 Original Closing Date 30-Oct-2011 Planned Mid Term Review Date Last Archived ISR Date 05-Mar-2014 Effectiveness Date 05-Mar-2009 Revised Closing Date 30-Oct-2017 Actual Mid Term Review Date Program Development Objectives Program Development Objective (from Program Document) The overall development objective of the proposed operation is to enhance the government#s capacity to implement its disaster risk management program for natural disasters. The program document proposes a US$65 million Catastrophe Deferred Drawdown Option (CAT DDO) as budget financing for the Government of Costa Rica (GoCR) for three years, renewable up to four times (for a total of 15 years). Has the Program Development Objective been changed since Board Approval of the Program? Yes No Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Public Disclosure Copy Implementation Status Overview The project is meeting its objective to enhance the capacity of the GoCR to implement its disaster risk management program for natural disasters, and project implementation has progressed according to expectations. The Bank and the country have maintained a continued and open dialog on disaster risk management (DRM) issues. The National Risk Prevention and Emergency Management Commission (CNE) has been providing support and advice at the sub national level (municipalities) on how to mainstream disasters risk considerations into their development planning processes. The GoCR is already preparing a new National Plan for Disaster Risk Management for the period 2016-2020. With CNE support, the Ministry of National Planning and Economic Policy (MIDEPLAN): (i) created an on-line information system tool that gives access to private and public decision makers to historical information on economic losses due to the occurrence of disasters; and (ii) improved the methodologies to strengthen disasters risk considerations in public investment decision processes. Results Page 1 of 4 The World Bank Report No: ISR16133 Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Strengthened regulatory and institutional Text Value Adoption of Law No. 8488 The GoCR continues Enforcement of Law No. 8488 Public Disclosure Copy framework for DRM through an enhanced and its regulation. enforcing the Law No. 8488 and its regulation. capacity of CNE to coordinate and incentivize and its regulation. DRM activities. Date 16-Sep-2008 15-Aug-2014 30-Oct-2014 Comments Indicator has been met. Implementation of five selected strategic goals Text Value 0 targets implemented Five selected goals have Implementation of 5 selected of the Nat. DRM Plan 2010-2015 Sub Type been implemented. goals of the Nat. DRM Plan 2010-2015 Breakdown Date 29-May-2014 15-Aug-2014 30-Oct-2017 Comments Several goals are included in This indicator has been met the Nat. DRM Plan 2010-2015 by having: (i) municipal but the GoCR selected 5 for emergency committees in all the implementation period. 81 cantones in the country; (ii) 100% of health centers apply safe hospitals index; (iii) three DRM science and technology workshops have been implemented; (iv) all 81 municipalitieshave updated hazards information; (v) the Ministry of Public Education is implementing a sectoral DRM plan. Well-funded and functional Fondo Nacional de Text Value The Emergency Fund is well- The Emergency Fund is well- The Fondo Nacional de Emergencias as part of the Disaster Risk funded and functioning. funded and functioning. Emergencias remains well- Management Program. Well-funded and funded and functional as part functional Fondo Nacional de Emergencias as of the DRM Financial Strategy part of the Disaster Risk Manage through 2011. Date 16-Sep-2008 15-Aug-2014 30-Oct-2014 Comments Indicator has been met. Public Disclosure Copy Design of a financial strategy for Disaster Risk Text Value No financial strategy A financial strategy is under Designing a financial strategy Management Sub Type preparation, and the GoCR is for DRM. considering to participate in Breakdown the CCRIF as part of this Strategy. Date 29-May-2014 15-Aug-2014 30-Oct-2017 Comments This indicator is yet to be met. Page 2 of 4 The World Bank Report No: ISR16133 Key line ministries annual programs include Text Value Disaster risk management Disaster risk management Disaster risk management risk analysis and risk reduction initiatives. has been incorporated in the remains in the National remains in the National 2006-2010 National Development Plan and is Development Plan and Development Plan. included in the line ministries included in the line ministries Public Disclosure Copy annual programs. annual programs. Date 16-Sep-2008 15-Aug-2014 30-Oct-2014 Comments This indicator has been met. Mainstream DRM in planning programs at the Text Value DRM in planning programs at CNE has supported the Mainstreaming DRM in sub-national level Sub Type national level only development of 25 planning planning programs at sub- programs at sub-national level national level with disaster Breakdown with disaster risk information. risk information. Date 29-May-2014 15-Aug-2014 30-Oct-2017 Comments This indicator has been met. An increased proportion of projects approved Text Value Incorporation of disaster risk All the projects approved by An increased proportion of by MIDEPLAN integrate DRM considerations. analysis in the MIDEPLAN MIDEPLAN have integrated projects approved by screening of investment DRM considerations. MIDEPLAN have properly projects. integrated DRM considerations. Date 16-Sep-2008 15-Aug-2014 30-Oct-2014 Comments The indicator has been met. Increased capacity for incorporating disaster Text Value Capacity for incorporating Capacity building for Capacity building for risk analysis in the public investment process Sub Type disaster risk at minimum. incorporating disaster risk in incorporating disaser risk in th the public investment process public investment process. Breakdown was achieved by: (i) Government officials trained Methodological guide in disaster risk analyses in updated, (ii) Four case public investments. studies analyzed. Date 29-May-2014 15-Aug-2014 30-Oct-2017 Comments Since May 2014, information Government officials are yet on losses for 44 events to be trained. occurred between 1988 and Public Disclosure Copy 2013 are publicly available via an internet based portal. Data on Financial Performance (as of 12-Jun-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P111926 IBRD-75940 Effective 16-Sep-2008 10-Nov-2008 05-Mar-2009 30-Oct-2011 30-Oct-2017 Disbursements (in Millions) Page 3 of 4 The World Bank Report No: ISR16133 Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P111926 IBRD-75940 Effective USD 65.00 65.00 0.00 33.98 31.02 52.00 Tranches Public Disclosure Copy Tranche 1 Description Prior actions were adopted, implemented or achived before Board approval. Amount (USD) Expected Release Date Actual Release Date Status 65,000,000 31-Oct-2008 Pending Released Tranche Condition Description Status If Not Met If Delayed The macroeconomic framework and the DRM program are considered adequate for the Met purpose of this operation. Not Met Key Decisions Regarding Implementation None. Restructuring History There has been no restructuring to date. Related Operations There are no related projects. Public Disclosure Copy Page 4 of 4